The global gas engine market to grow at a CAGR of 7.85% over the period 2014-2019.

Global Gas Engine Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market in the APAC, Americas, and EMEA; it also covers the landscape of the global gas engine market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Vendors are working to provide end-users with financing options in order to boost the market penetration of gas engines, which are being offered with rentals, leases, and sale and leaseback options.

According to the report, vehicles that run on compressed natural gas are ideal for operations in a limited area. Liquefied natural gas is best suited for vehicles that are required to travel long distances. The major advantages of using natural gas as a transportation fuel are domestic availability, distribution infrastructure, low costs, and low emissions.

Further, the report states that risks associated with the gas engine oil formulation poses a threat to the global market.

Vendors have invested significant R&D efforts to improve gas engine shaft efficiency over the last decade. This was done with a view to help end-users achieve fuel savings and generate less environmental impact. An improved combustion process has reduced NOx and UHC (Unburned Hydrocarbons) emissions. Market vendors are also trying to include after-treatment of the exhaust in their overall product offering in a bid to comply with emissions limits. So, the inclusion of post-exhaust treatment equipment in vendor product portfolios and the after-market sales for older engines will likely ensure stable market growth.

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